Participation Obligation definition

Participation Obligation means a licensing requirement that results from Participation in a Work Group. A Member incurs a Partipation Obligation covering any claims under its patents or patent applications that would be Essential Claims in the then current Rtf Draft Specification subsequently becomes an RtF Final Specification, even if the Member’s Work Group Representative is not a Contributor, when all of the following conditions are met: o An RtF Final Specification is finally approved that incorporates such RtF Draft Specification, either in whole or in part; o The Member has been registered as a Participant in such Work Group for a total of sixty
Sample 1
Participation Obligation means, as to each Lender, its absolute and unconditional obligation to extend L/C Borrowings in accordance with its Applicable Percentage to fund its participation interests in outstanding Letters of Credit in respect of amounts drawn thereunder, if any, up to an aggregate principal amount not to exceed the amount set forth under the caption “Participation Obligation” opposite such Lender’s name on Schedule 1.01 hereto. The aggregate amount of the Participation Obligations as of the Second Out Effective Date is $191,167,791.
Sample 1
Participation Obligation means the obligation assumed by a participating institution under this part;
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Examples of Participation Obligation in a sentence

  • Buyer reserves the right to assign Industrial Participation Obligation credits generated through Seller’s efforts under the Order to third parties.

  • RES Units Portfolios without Market Participation Obligation shall be represented by DAPEEP.

  • DAPEEP has balancing responsibility for the RES Units Portfolios without Market Participation Obligation.

  • As a special case for the purpose of determining a Participation Obligation, as of the TC Transition Effective Date TC Parties which are determining their Participation Obligation as specified in IPR Policy section 9.2 shall have their sixty (60) calendar day period reduced by the number of calendar days since the date the new IPR Policy became effective and in which they were represented on the TC in transition.

  • The Final Positive Imbalance (a) for non-Dispatchable RES Units Portfolio and RES Units Portfolio without Market Participation Obligation shall correspond to higher metered energy injection compared to the respective Market Schedule, and (b) for non- Dispatchable Load Portfolios shall correspond to lower metered energy consumption compared to the respective Market Schedule.

  • RES Units Portfolio without Market Participation Obligation per Bidding Zone.

  • The Final Negative Imbalance (a) for non-Dispatchable RES Units Portfolio and RES Units Portfolio without Market Participation Obligation shall correspond to lower metered energy injection compared to the respective Market Schedule, and (b) for non- Dispatchable Load Portfolios shall correspond to higher metered energy consumption compared to the respective Market Schedule.

  • Non-Dispatchable RES Units Portfolio: The RES units portfolio that includes one or more RES units with Market Participation Obligation connected to a particular Bidding Zone and which do not offer Balancing Services to the HETS Operator.

  • Each Synthetic Lender’s Synthetic Letter of Credit Participation Obligation shall be cash collateralized (as provided in Section 2.16), in favor of the Synthetic Issuing Bank, by such Synthetic Lender’s Synthetic Deposit.

  • RES Units Portfolio without Market Participation Obligation: The RES Units Portfolio for which either a Feed-in Tariff Agreement has been concluded in accordance with the provisions of Law 4414/2016, or a Power Purchase Agreement has been concluded in accordance with the provisions of Article 12 of Law 3468/2006 or a similar electricity purchase and sale agreement prior to the entry into force of Law 3468/2006, which (Units) are connected to a specific Bidding Zone.


More Definitions of Participation Obligation

Participation Obligation means a licensing requirement that results from Participation in a Work Group. A Member incurs a Partipation Obligation covering any claims under its patents or patent applications that would be Essential Claims in the then current Rtf Draft Specification subsequently becomes an RtF Final Specification, even if the Member’s Work Group Representative is not a Contributor, when all of the following conditions are met: An RtF Final Specification is finally approved that incorporates such RtF Draft Specification, either in whole or in part; The Member has been registered as a Participant in such Work Group for a total of sixty (60) calendar days, which need not be continuous; The Member is represented by Work Group Representative in such Work Group after a period of seven (7) calendar days after the ballot to approve such RtF Draft Specification has elapsed. Once the foregoing conditions are met, that Member's Participation Obligation to license continues with respect to that RtF Final Standard, and any Final Maintenance Standard subsequently approved with respect to that RtF Final Standard.
Sample 1
Participation Obligation means, as to each L/C Lender, its absolute and unconditional obligation to make L/C Advances to purchase from each L/C Issuer participations in amounts drawn under the Letters of Credit up to an aggregate principal amount not to exceed the amount set forth under the caption “Participation Obligation” opposite such L/C Lender’s name on Schedule 2.01(a), or, as the case may be, opposite such caption in the Assignment and Acceptance pursuant to which such L/C Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Participation Obligations as of the Closing Date is $200,147,031.55.
Sample 1

Related to Participation Obligation

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Amount as defined in Section 3.4(b).

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made available to the Administrative Agent such Xxxxxx’s share of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender, and (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant to Section 2.03(d).

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Discount Obligation means any Collateral Debt Obligation acquired by, or on behalf of, the Issuer for a purchase price (excluding accrued interest thereon) of less than 90 per cent. of the principal amount of such Collateral Debt Obligation, provided that such Collateral Debt Obligation shall cease to be a Discount Obligation where the Market Value thereof for any period of 30 consecutive Business Days (excluding any period in which the Market Value of such Collateral Debt Obligations cannot be determined pursuant to paragraphs (a) or (b) of the definition of “Market Value”) equals or exceeds 95 per cent. of the principal amount of such Collateral Debt Obligation (as certified by the Collateral Manager to the Issuer, Trustee and Collateral Administrator).

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Conversion Obligation shall have the meaning specified in Section 14.01(a).

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).